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Currency markets having a relatively..........>

FOREX
FOREX: Currency markets having a relatively risk-off start to the day with JPY
firmly outperforming, pressing USD/JPY into the Y105.70's and into close
proximity to the year's lows of Y105.25. NZD is suffering the brunt of price
action so far, with NZD/USD touching $0.7241, the lowest level since Mar6. The
European morning is quiet data-wise with just Eurozone and Italian final CPIs,
but the calendar picks up in the US with housing starts/building permits,
industrial production and the Uni. of Michigan survey.

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